https://www.taxtmi.com/caselaws?id=757452 An admiralty claim in rem against a vessel or its sale proceeds is not barred by the Insolvency and Bankruptcy Code moratorium, and failure to lodge the claim in CIRP does not by itself extinguish the maritime remedy against the res. Under the Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017, arrest is not excluded merely because liability is linked to a time charterer, but a plea based on beneficial ownership requires a factual foundation showing that the registered owner is not the real owner. Where liability for a bunker supply is admitted by correspondence, summary judgment may be granted against the vessel sale proceeds with interest. en-us Fri, 23 Aug 2024 00:00:00 +0530 Sat, 24 Aug 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757452 An admiralty claim in rem against a vessel or its sale proceeds is not barred by the Insolvency and Bankruptcy Code moratorium, and failure to lodge the claim in CIRP does not by itself extinguish the maritime remedy against the res. Under the Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017, arrest is not excluded merely because liability is linked to a time charterer, but a plea based on beneficial ownership requires a factual foundation showing that the registered owner is not the real owner. Where liability for a bunker supply is admitted by correspondence, summary judgment may be granted against the vessel sale proceeds with interest. Case-Laws Insolvency and Bankruptcy Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757452